Question

In: Finance

You are required to select an organization(Nokia) where you will be elaborating their existing HR practices. the text under study will be the guideline to identify the scope and areas to be covered. The write-up

You are required to select an organization(Nokia) where you will be elaborating their existing HR practices. the text under study will be the guideline to identify the scope and areas to be covered. The write-up will comprise an intro to the related industry, then intro of organization, then every HR area will be explained and the status of organizational processes in that area will be elaborated. In the end the recommendation section will cover the gaps observed among the recommended practices and the practices exhibited by the organization.

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Expert Solution

Nokia comes under Telecom Industry, telecom industry is a fast-growing sector and it is considered as one of the key elements of the growth of our country. In India telecom industry is considered the second largest with a large customer base of around 1 Billion. The Indian government took many initiatives for the telecom industry in India.

 

When it comes to Nokia is multinational telecommunication, IT, and electronics company founded in 1865. current CEO of Nokia is Pekka Lundmark. When it comes to the HR Practices and strategies of Nokia they conduct and perform Recruitment strategies and activities, then conduct the selection process, then provide training and development, provide performance appraisal, provide payroll personal system,

 

Other opportunities provided by Nokia are providing Rewards and Recognition, provide fair employment and salary, Hr grievance process, Health and wellbeing services, etc.

 

Nokia is expecting an approx. above 600 million EUR only for restructuring and association price by 2023. Nokia is famous for being the largest mobile maker in world. One of the competitive advantages of Nokia was its highly valued products., service and innovation.

 

In the end, we can see some gaps after knowing the trends in markets, they introduced a Symbian operating system, but it was too late to introduce that system by that time one of the leading companies like Apple and Samsung already introduced the system, this leads to a small downfall to Nokia. If they are in a passion to introduce that first surely they will get a strong and stable customer base.


Nokia comes under Telecom Industry, telecom industry is a fast-growing sector and it is considered as one of the key elements of the growth of our country.

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